Janney Montgomery Scott LLC Sells 56,118 Shares of Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

Janney Montgomery Scott LLC decreased its holdings in Invesco DWA Industrials Momentum ETF (NASDAQ:PRNGet Rating) by 90.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,925 shares of the company’s stock after selling 56,118 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco DWA Industrials Momentum ETF were worth $483,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Invesco DWA Industrials Momentum ETF during the 1st quarter worth approximately $30,000. Transamerica Financial Advisors Inc. bought a new position in shares of Invesco DWA Industrials Momentum ETF during the 1st quarter worth approximately $59,000. Lansing Street Advisors bought a new position in shares of Invesco DWA Industrials Momentum ETF during the 1st quarter worth approximately $79,000. Global Retirement Partners LLC increased its stake in shares of Invesco DWA Industrials Momentum ETF by 18.4% during the 2nd quarter. Global Retirement Partners LLC now owns 1,612 shares of the company’s stock worth $130,000 after purchasing an additional 250 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Invesco DWA Industrials Momentum ETF by 53.7% during the 1st quarter. Advisory Services Network LLC now owns 2,683 shares of the company’s stock worth $264,000 after purchasing an additional 937 shares during the last quarter.

Invesco DWA Industrials Momentum ETF Stock Performance

Shares of PRN stock opened at $89.71 on Friday. The company has a 50 day moving average of $85.93 and a 200-day moving average of $87.04. Invesco DWA Industrials Momentum ETF has a 12-month low of $78.72 and a 12-month high of $123.26.

Invesco DWA Industrials Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.264 per share. The ex-dividend date was Monday, September 19th. This represents a $1.06 annualized dividend and a dividend yield of 1.18%. This is a positive change from Invesco DWA Industrials Momentum ETF’s previous quarterly dividend of $0.12.

Invesco DWA Industrials Momentum ETF Profile

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PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Industrials Sector Intellidex Index (the Index). The Index consists of stocks of 60 United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.

Further Reading

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Institutional Ownership by Quarter for Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

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